TY - JOUR
T1 - Effective governance, financial markets, financial institutions & crises
AU - Balachandran, Balasingham
AU - Williams, Barry
PY - 2018/9/1
Y1 - 2018/9/1
N2 - This paper extends the work of Balachandran and Faff (2015) and reviews the literature on effective governance, financial markets, institutions, and crises. Specifically, we discuss the various monitoring mechanisms including independent directors, institutional investors, market for corporate control, and their effect on value creation. We further explore the important connection between the role of financial institutions as delegated monitors and the associated issues of bank governance, bank capital and systemic risk. Finally, our paper encompasses and highlights the papers featured in this special issue on the theme “Financial Markets, Institutions, governance and Crises”.
AB - This paper extends the work of Balachandran and Faff (2015) and reviews the literature on effective governance, financial markets, institutions, and crises. Specifically, we discuss the various monitoring mechanisms including independent directors, institutional investors, market for corporate control, and their effect on value creation. We further explore the important connection between the role of financial institutions as delegated monitors and the associated issues of bank governance, bank capital and systemic risk. Finally, our paper encompasses and highlights the papers featured in this special issue on the theme “Financial Markets, Institutions, governance and Crises”.
KW - Executive incentive
KW - Firm value
KW - Governance
KW - Monitoring
UR - http://www.scopus.com/inward/record.url?scp=85050739393&partnerID=8YFLogxK
U2 - 10.1016/j.pacfin.2018.07.006
DO - 10.1016/j.pacfin.2018.07.006
M3 - Review Article
AN - SCOPUS:85050739393
VL - 50
SP - 1
EP - 15
JO - Pacific Basin Finance Journal
JF - Pacific Basin Finance Journal
SN - 0927-538X
ER -